AXALTA COMPLETES U-POL ACQUISITION

U.S-based Axalta has completed it’s acquisition of aftermarket paint, body filler and accessories supplier U-Pol. The deal has been valued at around $590m by the ICIS business news service.

READ: ACCESSORY SHOPS DEBATE GREEN EV PLATES

U-Pol Dolphin brand filler

“The acquisition of U-POL is another step in Axalta’s growth strategy and strengthens our global leadership position in the refinish coatings segment,” said Robert Bryant, Axalta’s Chief Executive Officer.

U-Pol has a UK development facility and a manufacturing plant in Wellingborough, Northamptonshire.

Axalta is on a worldwide expansion drive. Just hours after confirming that the U-Pol transaction was complete, it announced that it had broken ground on a new coatings facility in Jilin, Northern China.

Don’t miss the next printed CAT Magazine. Subscribe for free here

 

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

COTSWOLD MOTAQUIP ACQUIRED BY AAG

Single-branch motor factor was an existing UAN member

Read More

SYNETIQ SOLD FOR £225m

US-based Insurance Automotive Auctions expands UK presence with auctioneer and dismantler

Read More

ECP TO DISH OUT £400 BATTERY TESTERS

Garages will need to hit battery sales targets if they want to keep the devices

Read More

FAI AUTOMOTIVE ACQUIRED FOR £27M

South Africa-based Motus Aftermarket Parts adds to its portfolio, Jonathan Alexander to remain CEO

Read More

NI BIENNIAL MOT OPPOSED

NFDA on NI MOT frequency change: “Not the correct solution to the issues currently facing the NI Testing Scheme”

Read More

Go to comments

Your email address will not be published. Required fields are marked *